Symbid is having a tough time, lately. The Dutch crowdfundingplatform took a huge loss over 2015 and things don’t seem much better at the start of 2016. But a brand new investment gives them some air to breath. In a new funding round, Symbid raised a convertible loan of €490.000 with an interest of 8 percent.
The funding arrives just in time as Symbid still takes heavy losses. In 2015 they took a loss of over €2 million. Things didn’t look up in the first quarter of 2016, Fundwijzer notices. Symbid took another loss of €600.000 in the first three months. This huge loss can be mostly accredited to the 30 percent rise in personnel costs and begs the question how far the new loan will carry them.